Michael Cohen’s Attorney Defends Him on Contract Allegation.

>>> NEW INFORMATION CONTINUES TO COME OUT ABOUT THE PRESIDENT'S ALLEGED AFFAIR REQUWITH AN ADUL FILM ACTRESS AND THE EFFORTS TO SILENCE HER

IT'S MORE ABOUT FOLLOWING THE MONEY OUR INTERESTS IS WHETHER THE PRESIDENT OR HIS COMPANY WERE INVOLVED IN TRYING TO KEEP SOMEONE QUIET, WHERE THAT MONEY CAME FROM AND IF IT VIOLATED ANY CAMPAIGN FINANCE RULES THERE IS NOW MORE EVIDENCE OF A CONNECTION BETWEEN THE TRUMP ORGANIZATION AND THAT EFFORT DOCUMENTS SHOW THAT A TRUMP ORGANIZATION LAWYER WAS INVOLVED LAST MONTH IN A LEGAL EFFORT TO SILENCE STORMY DANIELS ON BEHALF OF ECLLC WHICH WAS FORMED BY MICHAEL COHEN AND WHICH PAID MS DANIELS, $130,000 TO ALLEGEDLY KEEP HER QUIET 11 DAYS BEFORE THE ELECTION

INITIALLY THEY SAID NEITHER THE TRUMP ORGANIZATION OR THE CAMPAIGN WERE INVOLVED IN A STATEMENT, THINK SAID THEY DIDN'T HAVE ANYTHING TO DO WITH THE MATTER JOINING ME NOW WITH DAVID SCHWARTZ, AND JEFFREY TOOBIN I WANT TO ASK YOU A COUPLE OF THINGS WOULD IT BE, MICHAEL COHEN SAYS HE DID THIS ALL ON HIS OWN

HE ENTERED INTO AN AGREEMENT THROUGH THE LLC THAT HE SET UP APPARENTLY FOR DONALD TRUMP UNDER THE NAME DAVID DENISON FOR A FINANCIAL CONTRACT ISN'T IS UNETHICAL FOR MICHAEL COHEN TO ENTER INTO AN AGREEMENT ON BEHALF OF DAVID DENISON WITHOUT ACTUALLY INFORMING PRESIDENT TRUMP? >> LET'S GET TO THE AGREEMENT ITSELF THE AGREEMENT IS BETWEEN STORMY AND EC LL

C >> AND DAVID DENISON >> AND IT SAYS AND/OR THAT'S A KEY "OR" HE WAS REPRESENTING THE LLC

IT WAS A VALID AGREEMENT AND DONALD TRUMP — >> WHY HAVE DAVID DENISON'S NAME IN THERE AT ALL? >> BECAUSE IT'S THIRD PARTY BENEFICIARY THAT NOBODY'S TALKING ABOUT THERE COULD BE A THIRD PARTY BENEFICIARY TO EVERY CONTRACT SO MICHAEL COHEN WAS ACT BING I THE BEST INTEREST OF HIS CLIENT >> DOESN'T HE HAVE TO TELL THE THIRD PARTY, HIS BENEFICIARY THAT HE'S ENTERING INTO AN AGREEMENT FOR THEIR BENEFIT? >> HE DOESN'T HAVE TO

BECAUSE HE'S INSIDE COUNSEL HE WAS GENERAL COUNSEL TO THAT ORGANIZATION SO HE COULD ENTER — >> SO YOU'RE SAYING, BUT WAIT, RIGHT, BUT YOU'RE SAYING HE'S GENERAL COUNSEL FOR THE TRUMP ORGANIZATION, SO HE'S THEREFORE REPRESENTING DONALD TRUMP >> WELL, HE WAS REPRESENTING EC, LL

C THE LLC WAS CREATED TO ENTER INTO THIS AGREEMENT

THERE WAS A QUID PRO QUO CONSIDERATION ON BOTH SIDES, AND NOW SHE'S GOING TO BREAK THAT AGREEME AGREEMENT, OKAY? >> PARDON ME I'M NOT A LAWYER I DON'T UNDERSTAND IF HE'S ENTERING INTO THIS AGREEMENT FOR THIS LLC, WHY HAVE DAVID DENISON ON THERE AT ALL

IF DAVID DENISON IS NOT INVOLVED IN THIS LLC, AND CLEARLY HE IS INVOLVED SOME WAY HE'S REPRESENTING THE LLC AND DAVID DENISON AND THAT'S ETHICALLY A PROBLEM, ISN'T IT? >> NO, HE'S A THIRD PARTY BENEFICIARY TO THIS DEAL >> SO SOMEBODY CAN MAKE A CONTRACT FOR ME, IN MY NAME WITHOUT INFORMING ME? >> IF THERE'S A LOGICAL THIRD PARTY BENEFICIARY AND BY THE WAY — >> SO MY AGENT, MY TV AGENT, WHO HAS AN LLC ASK CAN MAKE A CONTR WITH MY NAME ON IT AND NOT TELL ME ABOUT IT? >> THIS IS NOT A GENERAL RULE EVERY SET OF CIRCUMSTANCES IS DIFFERENT

IN THIS PARTICULAR SET OF CIRCUMSTANCES, THERE WAS NOTHING WRONG BY THE WAY, THE ONLY PERSON WHO SHOULD BE COMPLAINING ABOUT THETHIS IS DD IF THERE'S ANYTHING UNETHICAL, IT WOULD BE DD BRINGING THAT ACTION >> IT'S UNETHICAL WHETHER DD DECIDES THEY WANT TO COME FORWARD, IT'S STILL UNETHICAL JEFF, HOW DO YOU SEE THIS? >> WELL, I THINK DANA'S CLEARLY RIGHT

THERE'S SOMETHING ILLEGAL THAT WENT ON HERE THE QUESTION IS, WHAT DID DONALD TRUMP KNOW, AND WHETHER THIS IS A VALID, LEGAL AGREEMENT LET'S LOOK AT A DIFFERENT BLOW VI — PROVISION THIS AGREEMENT, WHEN SIGNED BY ALL PARTIES IS A VALID AND BINDING AGREEMENT ENFORCEABLE IN ACCORDANCE WITH ITS TERMS DD DID NOT SIGN THE AGREEMENT

THIS IS THE ARGUMENT THAT STORMY DANIELS' LAWYER SAYS THAT'S WHY IT'S NOT LEGITIMATE UNDER THAT PROVISION >> JEFFREY, IT'S AN ARGUMENT BUT IT'S NOT A VALID ARGUMENT IT'S A FRIVOLOUS ARGUMENT BECAUSE DD IS NOT A PARTY

IT SAID AND/OR THAT OR IS A KEY DISTINCTION IT'S A VALID CONTRACT, AS LONG AS EC, LLC SIGNED THAT CONTRACT THESE NON-DISCLOSURE AGREEMENTS ARE SIGNED EVERY SINGLE DAY THEY'RE SIGNED BY CEOS, BY LEGI LEGISLATORS, DOCTORS, LAWYERS, TV PERSONALITIES

>> I'M NOT HERE AS STORMY DANIELS' LAWYER WHAT WE HAVE HERE OBVIOUSLY IS A DISAGREEMENT ABOUT THE TERMS OF A CONTRACT WHICH HAPPENS ALL THE TIME AND WHEN YOU HAVE A SITUATION WHERE THERE'S A DISAGREEMENT, YOU GO TO COURT AND WHAT STORMY TDANIELS DANIELS WANT IS TO GO TO COURT THEN THEY'LL TAKE HER DEPOSITION AND HIS DEPOSITION AND FIND OUT WHO'S RIGHT

IF THAT'S SOMETHING THEY THINK IS A GOOD IDEA, GOD MESS — BLESS >> IF THEY DON'T THINK IT'S A VALID CONTRACT, DON'T ABIDE BY IT THIS IS A VALID CONTRACT AND I CAN GUARANTEE YOU ONE THING, THAT MICHAEL COHEN WILL NOT REST, WHEN THIS IS ALL SAID AND DONE, MICHAEL COHEN WILL NOT REST UNTIL HE RECOVERS EVERY PENNY, A MILLION DOLLARS PER BREACH, PLUS PUNITIVE DAMAGES FROM STORMY

>> WHILE WE'RE ON THE SUBJECT, CAN WE TALK ABOUT THE FACT THAT MICHAEL COHEN SAYS HE PAID HIS OWN MONEY ON THIS CONTRACT? HAVE YOU EVER HEARD OF SOMETHING LIKE THAT HAPPENING IN THE HISTORY OF AMERICAN LAW? BECAUSE I HAVEN'T >> OKAY, NO THAT IS UNUSUAL AND I HAVE NOT HEARD OF THAT BUT THERE'S NOTHING ILLEGAL ABOUT IT

>> WE GOT TO GET A QUICK BREAK IN I WANT TO CONTINUE THI >>> WE'RE CONTINUING DISCUSSION ABOUT STORMY DANIELS AND MICHAEL COHEN'S INVOLVEMENT IN PAYING HER $130,000, ANALYSIS HE CREATED IN ORDER TO KEEP HER QUIET JOINING ME, DAVID SCHWARTZ, MICHAEL COHEN'S FRIEND, ATTORNEY IN A SEPARATE LEGAL MATTER CNN CHIEF LEGAL ANALYST JEFFREY TOOBIN SO MR

SCHWARTZ, JUST BEFORE THE BREAK JEFFREY TOOBIN WAS SAYING HAVE YOU EVER HEARD OF ANOTHER ATTORNEY PAYING $130,000 TAKING HIS LOAN, ALLEGEDLY, OUT OF HIS HOME EQUITY LINE OF CREDIT IN ORDER TO PAY FOR SOMEBODY IN ORDER, FOR A FRIEND? >> RIGHT, I'VE NEVER HEARD OF AN OUTSIDE ATTORNEY DOING THAT I'VE NEVER HEARD OF IT BUT IT'S CERTAINLY NOT AN ILLEGAL ACT THAT SHOULD BE SOMETHING THAT'S CLEAR IT'S NOT AN ILLEGAL ACT TO DO SUCH A THING, AND THERE ARE NO VIOLATIONS OF FEDERAL ELECTION LAW HERE WE HAVE THE IRRESPECTIVE TEST THAT YOU APPLY, AND, AGAIN, THIS HAPPENS EVERY SINGLE DAY, SO IF YOU'RE DOING IT — >> WHAT HAPPENS EVERY SINGLE DAY 1234

>> — TO PROTECT SOMEONE'S REPUTATION — WHAT HAPPENS EVERYBODY SINGLE DAY? >> A LAWYER SPEND $130,000 OF THEIR OWN MONEY EVERY DAY? >> NO, THESE NONDISCLOSURE AGREEMENTS ARE SIGNED INTO WHY ARE THEY SIGNED INTO? TO AVOID LITIGATION AND AVOID THE EMBARRASSMENT OF THE ACCUSATION BECAUSE MANY TIMES FOR HIGH-PROFILE PEOPLE, WHETHER IT'S CEOs ANYONE ELSE, THE ACCUSATION, ALONE, IS DEVASTATING >> SO LET ME ASK YOU, MR SCHWARTZ, MICHAEL COHEN HAS SAID THAT HE DID THIS NOT AS PART OF THE TRUMP ORGANIZATION, EVEN THOUGH E-MAILS HE USED WERE FROM HIS TRUMP ORGANIZATION E-MAIL ACCOUNT, WHICH HE THEN WOULD — IN ONE CASE FORWARDED THEN TO HIS PERSONAL ACCOUNT IN ORDER TO SEND AN E-MAIL TO THE THEN-ATTORNEY FOR STORMY DANIELS THEN ALSO JUST YESTERDAY, MICHAEL AVENANTI, ATTORNEY FOR STORMY DANIELS, RELAC RELEASED E-MAIL, BASICALLY A SIGNED — THIS THING ABOUT JILL MARTIN, ANOTHER TRUMP ATTORNEY, TRUMP ORGANIZATION ATTORNEY, GETTING INVOLVED IN SETTING UP THIS ARBITRATION HEARING IN LOS ANGELES IF MICHAEL COHEN, WHY AFTER MICHAEL COHEN RELEASES A STATEMENT SAYING THE TRUMP ORGANIZATION HAD NOTHING TO DO WITH THIS, I DID THIS SOLELY, YOU KNOW, IN MY — YOU KNOW, BECAUSE I'M A FRIEND OF DONALD TRUMP, WOULD HE REACH OUT TO A TRUMP ORGANIZATION ATTORNEY IN LOS ANGELES TO GET INVOLVED IN THE ARBITRATION? >> RIGHT

I MEAN, WE HAVE TO MAKE VERY CLEAR THE TIMELINE HERE SO THE TIMELINE, AS YOU SAID, WAS BEFORE THE 2016 ELECTION WHEN THIS WHOLE CONTRACT WAS SIGNED THE JILL MARTEN ARBITRATION CAME WAY AFTER SO THIS IS — THIS IS A YEAR, YOU KNOW, MORE THAN A YEAR LATER SO IT DOESN'T MATTER WHAT — >> WAS IT SMART TO REACH OUT TO A TRUMP ORGANIZATION ATTORNEY IF YOU'RE SAYING IT HAS NOTHING TO DO WITH TRUMP ORGANIZATION, THERE ARE PLENTY OF LAWYERS IN L

A >> YOU KNOW WHAT, SO WHAT, THOUGH SO THEY REACHED OUT TO JILL MARTIN BECAUSE THEY NEEDED A LOCAL ATTORNEY SO THEY REACHED OUT TO JILL MARTIN YOU KNOW, IT'S A — ALSO THE E-MAILS, ANDERSON, MICHAEL COHEN USED THAT E-MAIL ADDRESS FOR EVERY SINGLE THING HE DID

NOW, A LOT OF PEOPLE DO THAT A LOT OF PEOPLE DON'T REALIZE ON HINDSIGHT, YOU KNOW, SHOULD YOU SEPARATE IT, IT IS A BETTER WAY TO GO? ABSOLUTELY TO USE THE SAME E-MAIL, IT'S NOT EVIDENCE OF ANYTHING >> OKAY

DAVID SCHWARTZ, I APPRECIATE YOU BEING ON JEFF TOOBIN AS WELL WE'LL HEAR FROM — >> THANK YOU >> —